European stock markets open November positively while waiting for the Fed

The main European stock markets, after closing the month of October in the red, have opened November positively, on a day in which the monetary policy decisions of the US Federal Reserve (Fed) will be known.

After fifteen minutes of trading, Milan has gained 0.34%; London, 0.30%; Paris, 0.29%; Frankfurt, 0.23%; and Madrid, 0.01%.

The Euro Stoxx 50, which groups the largest European companies, rose 0.32%.

The European market has opened with moderate optimism, after the positive close of Wall Street the day before, waiting for the Fed’s interest rate decisions to be known today.

The market, which will also be attentive to the financing needs of the US Treasury, expects the US central bank to keep interest rates unchanged.

Although the Fed’s decisions will not be known until after the European shutdown, 10-year bond yields rise in the secondary market.

Thus, the profitability of German debt, the benchmark in the Old Continent, reaches 2.849%.

On a macroeconomic level, investors will be watching the final manufacturing PMIs from the UK and US, where the ISM manufacturing and ADP Employment data for October, and the JOLTS available jobs survey for September, will also be published.

The euro falls at this time to 1,055 dollars, while the ounce of gold falls 0.36%, to 1,977 dollars.

Brent, Europe’s benchmark crude oil, is trading today at $85.52.